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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BCH
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Banco De Chile stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on May 06, 2024)

Buy candidate since May 06, 2024 PDF

The Banco De Chile stock price gained 0.668% on the last trading day (Monday, 6th May 2024), rising from $22.45 to $22.60. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.712% from a day low at $22.48 to a day high of $22.64. The price has risen in 6 of the last 10 days and is up by 2.26% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 331 thousand more shares were traded than the day before. In total, 429 thousand shares were bought and sold for approximately $9.69 million.

The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $22.75 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.29% during the next 3 months and, with a 90% probability hold a price between $20.17 and $22.00 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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BCH Signals & Forecast

Mostly positive signals in the chart today. The Banco De Chile stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $22.29 and $22.29. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.82%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Banco De Chile stock

Banco De Chile finds support from accumulated volume at $22.28 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.160 between high and low, or 0.712%. For the last week the stock has had daily average volatility of 1.29%.

Our recommended stop-loss: $21.45 (-5.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (BCH) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Banco De Chile to open at $22.57, and during the day (based on 14 day Average True Range), to move between $22.19 and $23.01, which gives a possible trading interval of +/-$0.407 (+/-1.80%) up or down from last closing price. If Banco De Chile takes out the full calculated possible swing range there will be an estimated 3.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $22.80 (0.88%) than the support at $22.28 (1.42%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Banco De Chile stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.213 Buy Candidate Upgraded

Predicted Opening Price for Banco De Chile of Tuesday, May 7, 2024

Fair opening price May 7, 2024 Current price
$22.57 ( 0.118%) $22.60

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BCH

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 22.73 0.590 %
R2 22.67 0.320 %
R1 22.63 0.152 %
Current price: 22.60
Support S1 22.51 -0.388 %
S2 22.47 -0.556 %
S3 22.41 -0.83 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 23.76 5.13 %
R2 23.60 4.42 %
R1 22.80 0.88 %
Current price 22.60
Support S1 22.28 -1.42%
S2 22.27 -1.46%
S3 21.25 -5.97%

BCH Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 05, 2024 Mar 21, 2024 Apr 05, 2024 $1.09 4.75%
2 Feb 27, 2023 Mar 16, 2023 Mar 30, 2023 $2.08 10.62%
3 Feb 03, 2022 Mar 24, 2022 Apr 07, 2022 $1.33 6.09%
4 Mar 24, 2021 Mar 26, 2021 Mar 26, 2021 $0.607 2.64%
5 Mar 06, 2019 Mar 21, 2019 Apr 04, 2019 $1.06 3.54%

FAQ

What is the symbol for Banco De Chile Stock and on which exchange is it traded?
The symbol for Banco De Chile is BCH and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Banco De Chile Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Banco De Chile Stock?
Banco De Chile Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Banco De Chile Stock.

What's the current price of Banco De Chile Stock?
As of the end of day on the May 06, 2024, the price of an Banco De Chile (BCH) share was $22.60.

What is the 52-week high and low for Banco De Chile Stock?
The 52-week high for Banco De Chile Stock is $9,080.00 and the 52-week low is $5,570.00.

What is the market capitalization of Banco De Chile Stock?
As of the May 06, 2024, the market capitalization of Banco De Chile is 11.415B.

When is the next earnings date for Banco De Chile?
The upcoming earnings date for Banco De Chile is Jul 25, 2024.
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About Banco De Chile

Banco De Chile Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. It operates through Retail Banking, Wholesale Banking, and Treasury and Money Market segments. The company offers deposit products, such as checking accounts, current accounts, demand deposits and accounts, saving accounts, and time deposits; commercial, mortgage, consumer, working capital, syndicated, and installment loans;... BCH Profile

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